Los Angeles City Council Agenda April 9, 2025
Kinkisharyo International to Lease LAWA Hangar in Palmdale
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Description
Los Angeles City Council approved a three-year lease agreement with Kinkisharyo International, LLC to operate and maintain an existing hangar and building at Palmdale Landholding of LAWA. The lease generates $1.47 million in the first year and could reach approximately $7.35 million over five years if extended.
Contract Details
Contract Amount
$1,470,593 (first year), approx. $7,353,000 (potential total five-year term)
Vendor
KINKISHARYO INTERNATIONAL LLC
Agency
City of Los Angeles, CA
Contract Type
FACILITIES
Document Date
April 9, 2025
Contract Term
Three years from July 3, 2024 through July 2, 2027, with two one-year extension options through July 2, 2029
Renewal Date
2029-07-02
Renewal Info
Two one-year renewal options through July 2, 2029.
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